country flagالعربية

Gold rise a day after recording the biggest daily loss in a month

2019-11-06 10:05 am | Resource: News | No Views : 26

 Gold rise a day after recording the biggest daily loss in a month

Gold prices rose on Wednesday after recording the biggest daily loss in a month, as more trade developments between the world's two largest economies awaited. Earlier on Wednesday, reports emerged that China would not accept the temporary deal unless the Trump administration removes all tariffs on imports of manufactured goods in the world's second-largest economy.

Wall Street closed mixed on Tuesday after a rally driven by business optimism in the previous session.
  • Yesterday the Dow closed at 27,492.60 points, while the Walgreens Boots Alliance took the lead.
  • Meanwhile, the S&P 500 took a break from the record highs to close 0.12% in the red as the Mylan fell about 10% after the company's earnings.
  • The Nasdaq 100 ended trading steady.

The Chinese president may visit Brazil "very early" to sign an agreement with the United States

Chinese President Xi Jinping's visit to Brazil to attend the BRICS summit, scheduled for Nov. 13-14, comes "very soon" to arrange a stopover in North America and the conclusion of a China-US trade agreement, the South China Morning Post reported on Wednesday, citing a source. Familiar with the topic. There are still more details to be discussed before signing, according to the source.

After the cancellation of the APEC summit in Chile, there was an idea that the summit could be held in the United States, where Xi and his US counterpart Donald Trump might hold the agreement, but China is said to have opposed the option.
  • The dollar index, which tracks the performance of the greenback versus six major currencies, was steady at 97.899 points.

Gold Trading
  • Gold futures for December delivery rose 0.2%, or $ 3.60, to $ 1487.30 an ounce at 10:29 CET.
  • The spot price of yellow metal rose 0.2% at $ 1485.77 an ounce, after falling 1.7% yesterday, the largest pace since September.

Other analysis

Best Opportunities, Vision and Technical Analysis for The Oil 17 April 2019

(CURDE OIL - WTI ) We offer you oil analysis denominated by US dollar on Wednesday, April 17, 2019, with the most important forecast for the price of oil denominated by US dollars in the market. Time frame Used - four hours Oil is moving in a sideway direction in the near term. The purchasing power managed to push oil higher to close at the end of trading today, rising…

More analysis

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.